Function

• The purpose of a deposit slip is to allow you to indicate the account in which you're making a deposit, list the funds you're depositing, label each if you so choose and easily add up the deposit total. More or less, your pre-calculation of the deposit helps bank tellers to perform their jobs more quickly. Most books of checks come with a few deposit slips in the back, with the bank account number preprinted on them. Once you run out of these, you can obtain new deposit slips from the bank, but may have to write in the bank account number (or indicate "checking" or "savings" and provide your ID) that you intend the funds to go into.
  
  

Procedure

• If you're depositing cash, the amount needs to go in the "currency" box. You can deposit change if you go inside the bank facility, and should indicate the amount in the "coins" box, but generally you cannot put coins into the transfer machines in the bank drive-through. List any checks you deposit, one per line. Typically there are two or three lines available on the front of the deposit slip for checks, but you can write in more on the back, obtain a subtotal and list that on the front of the slip. List the sum of the funds and checks in the "total" box. If you want cash back, indicate how much in the "less cash received" box (for cash back, you will have to sign the deposit slip and may need to provide your ID). Subtract cash received from the funds' total and put the total deposit amount in the "net deposit" spot.
  
  

Processing

• When the bank teller receives your deposit slip and funds, he double-checks your math to be certain the total on the deposit slip matches the funds in hand. The teller then updates your accounting information in the computer system by adding the deposit amount. The computer prints a confirmation on the deposit slip and then a separate deposit receipt for you. The receipt typically states the account number (in whole or in part), the deposit amount and the current funds available in your account.
  
  

ATM Deposits

• Many banks now have a feature on ATMs that allows you to make a deposit. This is especially convenient when the bank is closed. After inserting your debit card and entering your pin number, you select "deposit" from the ATM options. You will then enter the total deposit amount. After that some bank ATMs require you to place all funds in an envelope, indicating the deposit total on the outside, and this becomes your deposit slip. Other bank ATMs have you enter each check into the machine individually for scanning. Either way, you will receive a printed receipt verifying your transaction, which won't likely show up on your account until the next business day.
  
  

Viewing

• If you have access to an online banking system, you can typically access scanned copies of your deposit slips through your online account information or statements. Simply log in to your online banking account, find the deposit you want to look at and click on the image file to open a new window and view the deposit slip. Additionally, some banks include a copy of all deposit slips (and cancelled checks) with your mailed paper account statement.